Corrections & Amplifications

Updated March 11, 2008 12:01 am ET

The U.S. government requires all colleges participating in federal student-loan programs to publicly report graduation rates. Apollo Group Inc., parent of the University of Phoenix, paid a fine imposed by the U.S. Department of Education over allegations of misleading the government, without admitting guilt, and the jury in a related suit brought by shareholders found the company had fraudulently misled investors and was liable for damages. A Breakingviews column Thursday incorrectly reported that for-profit colleges refuse to divulge such statistics as graduation rates and that Apollo had been convicted of securities...